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Seritage Growth Properties looks to sell off all assets – Robert Khodadadian

Sears spinoff Seritage Growth Properties could sell all of its assets and dissolve as its deadline to pay off a loan from Warren Buffett’s firm nears. The company’s board has recommended a plan to liquidate its properties and return the proceeds to shareholders, according to a proxy filing released on Thursday. The plan requires a two-thirds vote from shareholders, but it is already about halfway there. Eddie Lampert, the former chairman of Seritage, exchanged his

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Commercial Real Estate, Home Page, Retail, Seritage The Real Deal New York Read More

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